Nomura Research Institute (OTCMKTS:NRILY – Get Free Report)’s share price fell 13.5% on Friday following a dissappointing earnings announcement. The company traded as low as $29.17 and last traded at $29.17. Approximately 1,599 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 101,710 shares. The stock had previously closed at $33.7350.
The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $206.14 billion. Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%.
Analyst Ratings Changes
Separately, Zacks Research cut Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Nomura Research Institute Price Performance
The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 132.59, a PEG ratio of 1.94 and a beta of 0.71. The company’s fifty day moving average is $29.89 and its 200 day moving average is $29.43. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49.
Nomura Research Institute Company Profile
Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.
NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.
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